According to my realtor’s latest flyer, the average list price for houses selling in my Massachusetts town is $593,458, with some listed up near a million. The towns in all directions around us are in the same range and it gets even more expensive as you get closer to Boston. Needless to say, it's a very difficult place to start investing in real estate when you have no money.
REAL ESTATE TRAINING SEMINAR
Keeping that environment in mind, I went to a free real estate training seminar the other day and met a guy who claimed he was a real estate investor. He said he just started about 9 months ago. I asked what his main focus was, and he told me "flipping houses." I asked how many he’s done, so that I could next ask how they went. To my surprise, his answer was that he had not been able to find any good deals to buy yet. NOT ONE!
GETTING STARTED IN REAL ESTATE INVESTING
That means, even though this guy claimed to be an investor in real estate, he really didn’t even start yet. That’s okay, I know getting your mind in the right place is one of the beginning steps, and it’s also a good idea to educate yourself first to hopefully avoid costly mistakes when you're talking about such large purchases. I did not mind his claim, because I am in pretty much the same place myself. The difference is that I will only admit to “trying to get into” real estate investing, not that I already am.
GOD ON MY SIDE
My loving, supportive wife says this should be no problem for me because I’m smart, creative, persistent, think out of the box, and best of all, have God on my side. She knows me well enough and has seen the proof. I try and try and keep trying on my own and then when I get to the point when I need God’s help, I simply ask and it quickly comes. Sometimes it comes so quick, I am slightly embarrassed with how easy it is. Sometimes I think I didn’t try hard enough and gave up and asked for help too soon. My wife says that’s not so, and I should ask more often about more things. We tend to have that “difference of opinion discussion” occasionally.
YOU MUST ASK FOR HELP
I used to think it was dumb luck when things happened so simply, but when certain things happen to you a certain way, you know it’s something else. We have now gotten to the point where let’s say we’re looking for something important that we can’t find. Both of us search and search for weeks and just can’t find it. When I finally give up, I say, “Okay, I give up. Let me just ask for help.” I say a quick prayer and ask God and BAM, it suddenly appears right before me, even though I’ve been looking for weeks and could have sworn I already looked there. This is no coincidence; it has happened many times. My wife says because God is always with us and there to help, but first you must ask.
EVERYTHING HAPPENS FOR A REASON
That’s why we both believe everything happens for a reason – because God is there making it happen. Take for example when my business cards came in for my new business in real estate investing (that I’m trying to get into). I handed out only 2 cards that first day I had them. I explained that the tag line “Helping With Home Solutions” means a variety of ways we help people up to and including buying houses if people want or need to sell for whatever reason. The first person I gave a card to went home and talked it over with her husband and came back to me the following day to ask if I wanted to buy her house. Coincidence? I don’t think so, and my wife certainly doesn’t think so, which is why she says, “I got this.”
TAGS: Real Estate Investing, training, starting a business, Massachusetts, Metro Boston, helping people, Faith in God, believing, persistence, praying, creative
Our tag line for Ty Team Holdings is “Helping With Home Solutions.” That covers a wide area, but the key words there are HELP and HOME. We can help with your home in many ways, from decorating to remodeling, to buying or selling it.
For various reasons, people occasionally need to sell their home. Although we have realtors on our team that can do that for you, we prefer the new way of selling your home. Let’s call it “the Ty Team” way.
THE OLD WAY
A realtor will want you to clean, declutter, repair, stage, and prepare your home and then invade your privacy by posting photos and descriptions of your home, then dragging countless people through (usually during dinner time) to look at it and point out everything they think is wrong or that they would change. IF the realtor should be lucky enough to sell it for you, the whole processes will cost you time, stress, and about 20 to 30% less than it is worth. For more detail of the high costs of selling a house, see our post on our website at https://tyteamholdings.com/blog/the-high-cost-of-selling-your-home.
THE TY TEAM WAY
The Ty Team way of selling your home is that we give you a fair price we are all happy with (that's called a win-win for everyone).
We pay cash, you get to choose when to close.
We pay ALL the closing costs, saving you thousands.
But the best part is that we buy it AS IS.
That means you get to move only what you want and just leave your trash and whatever you don’t want to move. You do NOT need to repair anything and you certainly don’t need to clean anything. As we said, we buy houses AS IS, so there’s no stress, no hassle to you. All you do is walk away with the cash.
If you don’t want to sell your home and would rather just fix or decorate it, we may be able to help with that also. Just give us a call to find out.
If you know anyone who could use our services, please pass along our information to them.
If you want to keep in touch, Like, Friend, or just visit us online, you can find us here –
R. Ty DuBrell
PO Box 142
Littleton, MA 01460
mail (at) tyteamholdings.com
So you bought a home a long time ago and now, for whatever reason, you’re thinking about selling it and wondering what’s involved. You’re wondering how much of a hassle it’s going to be (stress and time) and how much it’s going to cost you to sell it. That’s right, even though you are selling, there is a cost. The higher that cost is, the more it will eat into your profit.
Below are a few of the costs that could go into selling your house.
REAL ESTATE AGENT COMMISSIONS
Although commissions can sometimes be negotiated, they usually range from 6 to 10%. That’s right, I know one agent in Massachusetts that charges 10% to sell your house. Let’s say you find a normal one and only have to pay 6% commission. As of February 2017, the average house in Massachusetts is selling for $365,000. If you had that average house selling for that, you would right away hand over $21,900 to the realtor. That alone is why some people try selling their house without an agent. You have to weigh all the factors and I’m not going to get into whether or not that is a good idea with this post.
REPAIRS AND CONCESSIONS
You might have been putting off doing some work on the house and would need to get certain things done if you want to sell it. Some repairs might be minor, some might be major and costly. At the very least, you should do some minor “fix up” things such as painting, changing cabinet knobs, fixing leaky faucets, tightening things, de-cluttering and cleaning, minor landscaping. If there are major repairs to do, you could always try offering a discount for it instead of doing the repair. Sometimes it’s better to just fix it, sometimes it’s better to wait and see if the buyer notices; it all depends on what it is and how major it is. I think a good average to plan for can run anywhere from $1,000 to $20,000, depending on the extent of the repairs and value of the property.
MORTGAGE PAYOFF AMOUNT
This may vary depending on the type of loan, the bank, and the loan amount. Some mortgages have a prepayment penalty, some will have prorated interest until the closing day.
Any neighborhood fees such as HOA or transfer taxes.
Capital gains taxes if you make a profit by selling your home. Currently, long term capital gains depend on your tax bracket, but usually range from 15 to 20%. So IF you made a profit of $100,000 after all these expenses mentioned, you would be giving $20,000 of that back to the IRS for taxes. Besides gains tax, you may also have to pay property taxes, depending on when you sell.
A home warranty for potential buyers is an optional expense, but sometimes helps sell a house. If you get one, that could add another $500 to the selling cost.
You may need a termite inspection and fix, fire inspection and new alarms, and things like that.
You may have to pay some or all of the closing costs, depending on the negotiation.
There’s moving and/or cleanout costs, which will depend on how much stuff you have, how much you want to keep, and how far you have to move it.
There’s the costs of purchasing a new home or even renting if you have to pay first and last month’s rent, a security deposit, application fee, HOA fees, etc.
HIGH COST SUMMARY
To sum it all up, the average cost to sell a house is usually between 30% to 50% when you factor in everything. That means after all that trouble, all that time, all that hassle and headache, and phone calls, and cleaning, and repairing, and taxes, you’re only going to end up with half the amount. Is it really worth it?
THE SOLUTION TO SELLING A HOME
That's why real estate investors like Ty Team Holdings have become so popular. Ty Team Holdings can take a lot of the hassle, stress, and time out of selling your house. You may not get the full amount for your house that a realtor would list it for, but there’s no guarantee that you would get that amount anyway, it’s just a listed amount and a hope. You might actually get more using Ty Team Holdings than what you would get after all the typical costs.
SELLING YOUR HOUSE FAST
If you sell your house to a real estate company such as Ty Team Holdings, you would get a price that you would be happy with and a quicker, stress free closing. That’s right, you can close on your schedule, whenever you want and GET CASH within days.
WE BUY HOUSES AS IS.
WE BUY HOUSE with NO FEES.
WE BUY HOUSES WITH NO REPAIRS NEEDED.
Sell your house with NO STRESS. It’s a whole new way of selling your house.
Sell your house with no costs, commissions, fees, or taxes mentioned above.
We pay cash for your house that you need fast.
There is no need to repair or clean anything.
We’ll buy your house just like it is.
You can even leave whatever stuff you don’t want anymore.
Just move what you want, and leave the rest behind with your stress.
SELL YOUR HOUSE SOLUTION
To sum up your solution: You will get a price you are happy with for your house without fixing or cleaning anything (or you don’t have to sell it). You get cash – and fast. You pick when to close – and WE pay all the closing costs. You move only what you want and leave anything else, including all your trash. If you want, we could even help you move.
If this sounds like an interesting solution to you, CONTACT US now to find out more.
Call 978-206-1074 or Email mail (at) tyteamholdings.com.
All blog posts written by Ty unless specified otherwise.